South African billionaire Patrice Motsepe to pocket $67.1 million dividend from ARM
Motsepe owns a 39.7-percent stake in the diversified mining group.
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Motsepe owns a 39.7-percent stake in the diversified mining group.
African Rainbow Minerals is a diversified mining group led by South African billionaire Patrice Motsepe.
Motsepe owns 39.7 percent of ARM.
ARM is South Africa’s first Black-owned mining company.
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.
Motsepe’s net worth has dropped by $500 million since the start of the year.
Motsepe is a member of the WEF Board of Trustees.
Motsepe, the South African billionaire and current President of the Confederation of African Football (CAF) founded the mining firm in 1997.
The billionaire is one of the richest men in Africa.
Motsepe, who has been instrumental in the success of the South African miner, has a substantial 39.7 percent interest in the company.
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.
ARM is a significant South African mining and minerals firm with holdings in a variety of mines.
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 40 percent of the leading mining group.
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Patrice Motsepe has announced his agenda if he is voted in as president of the Confederation of African Football.